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T. Rowe Price launches bond fund

KARREN VERGARA  |  TUESDAY, 26 MAR 2024
T. Rowe Price has launched a new strategy that invests in government bonds targeting wholesale and institutional investors. The Global Government Bond High Quality Fund aims to achieve risk-adjusted returns across global bond markets issued by governments ...

Why BlackRock is taking a risk-on view

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
BlackRock has high hopes, at least in the short term, that market sentiment is set to improve. In a market update, the asset manager said the potential for falling inflation, nearing interest rate cuts and solid corporate earnings will support "cheery ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
ANZ announced it reached an agreement to settle a class action brought against it by Phi Finney McDonald in 2021. The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January ...

Northern Trust appoints head of international enterprise client solutions

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
Northern Trust has appointed Gary Paulin to the newly created role of head of international enterprise client solutions. In the new role, Paulin will focus on building stronger relationships with key clients across Europe, Middle East, Africa, and Asia ...

Perpetual seeds Kapstream fund

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
Perpetual is backing a new strategy from Kapstream Capital, securing an undisclosed seed amount in the fund that invests in securitised warehouse financing, a form of private debt. Following its February 1 launch, the Kapstream Private Investment Fund ...

Former Schroders chief joins private markets firm

ELIZABETH FRY  |  FRIDAY, 22 MAR 2024
A former Schroders Australia chief executive has landed at Spire Capital. Spire Capital - which has invested $2.25 billion on behalf of Australian mid-market investors - said the appointment of Sam Hallinan as a partner and shareholder comes at a time ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
The Australian Securities and Investments Commission (ASIC) has banned Brian Jacques Creigh from providing financial advice or being involved in a financial services business. Creigh is the director of Panacea Capital. He operated the Panacea Capital ...

ART adds heavyweights to board

ELIZABETH FRY  |  THURSDAY, 21 MAR 2024
Australian Retirement Trust has welcomed a former Treasury official and former APRA deputy chair to its board. Martin Parkinson and Helen Rowell will sign up as non executive directors of Australia's second-largest asset owner early next month. ...

US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
The US Federal Open Market Committee (FOMC) chose to keep the benchmark policy rate at 5.25% to 5.50%. Despite holding rates at their current level, the latest dot plot revealed the FOMC expects 75 basis points of cuts this year, with more to come in ...

Listed companies drive economy's momentum: ABDO

KARREN VERGARA  |  THURSDAY, 21 MAR 2024
Australian companies continue to defy odds and beat analysts' expectations to help keep the economy on its resilience streak. Perennial Partners lead portfolio manager Stephen Bruce, who presented at the Advisers Big Day Out (ABDO) Capital Cities in ...